Grant of Options

Grant of Options 
LONDON, UNITED KINGDOM -- (Marketwire) -- 01/11/13 -- Amara Mining
plc, (AIM:AMA)(TSX:AMZ) the dual AIM and TSX-listed West African
focused gold mining company, announces the grant of 5,752,020 options
over ordinary shares of one penny each in the Company ("the Options")
to employees on 10 January 2013 ("the Grant Date"), in accordance
with the terms of its employee share scheme.  
The Options may be exercised between the third and the tenth
anniversary of the Grant Date and are exercisable at a price of
59.25p per share, being the closing midmarket price on 9 January
2013.  
The Options represent 3.4% of the Company's issued share capital and
were awarded to a number of senior employees in the Company,
including the following Executive Directors: 


 
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                                     Number of Options    Total Options Held
Name                      Position             Awarded       Following Award
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John McGloin    Executive Chairman             319,520             2,000,000
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                   Chief Executive                                          
Peter Spivey               Officer           1,250,000             1,750,000
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Pete Gardner      Finance Director           1,250,000             1,750,000
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Total                                        2,819,520             5,500,000
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Following the appointment of a Group Human Resources Manager, Amara
conducted a review of its Human Resources policy and decided to
increase its use of equity as a tool to incentivise senior staff.
Amara's Board believes that the award of options supports the
Company's policy of motivating and retaining senior staff, whilst
aligning their interests with the interests of shareholders. 
Following the grant of the Options, the total number of options
outstanding over ordinary shares is 15,753,000, representing 9.4% of
the Company's issued share capital. The grant of the Options is
subject to approval by the Toronto Stock Exchange. 
About Amara Mining plc  
Amara (formerly Cluff Gold) is a gold developer-producer with assets
in West Africa. The Company generates significant cash flow through
its Kalsaka gold mine in Burkina Faso, where the production profile
has been enhanced by the recent acquisition of the neighbouring Sega
project. Amara remains focused on its objective of becoming a
mid-tier producer through the development of its Baomahun project in
Sierra Leone and its Yaoure project in Cote d'Ivoire. With its
experience of bringing new mines into production and a project
pipeline spanning Burkina Faso, Cote d'Ivoire and Mali, Amara aims to
further increase its production profile with its highly prospective
exploration work across all assets. 
This report includes certain "forward-looking information" within the
meaning of applicable Canadian securities legislation.  
All statements other than statements of historical fact included in
this report, including, without limitation, the positioning of the
Company for future success, statements regarding exploration,
production estimates and future objectives of Amara, are
forward-looking information that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Amara's expectations include, among others, risks
related to international operations, the actual results of current
exploration and drilling activities, the results of the Baomahun
feasibility study, changes in project parameters as plans continue to
be refined as well as the future price of gold. Although Amara has
attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Amara does not
undertake to update any forward-looking statements that are included
herein, except in accordance with applicable securities laws.
Contacts:
Amara Mining plc
Catherine Apthorpe, Company Secretary
Katharine Sutton, Head of Investor Relations
+44 (0)20 7398 1420 
Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Rob Collins
Sebastian Jones
Joe Weaving
+44 (0)20 7523 8350 
Pelham Bell Pottinger
(Financial Public Relations)
Charlie Vivian
Lorna Spears
James Macfarlane
+44 (0)20 7861 3232